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EC202 Syllabus SPR2011 by stariya


									                                MONTGOMERY COLLEGE
                               Tacoma Park/Silver Spring
                 Syllabus EC 202 – PRINCIPLRS OF MICROECONOMICS II
                          Meeting Times: MWF: 11:00 a.m. – 11:50 a.m.
                                    CRN: 30478 EC202 – 002
                                            SPRING 2011

Office Location: CM 110 B
Office Hours: M W 10:00.a.m -11:00 a.m.
Office Phone: (240) 567 3888
Home Phone: (301) 806-5419
E-mail Address: (PERSONAL)
Course Title: EC 202 Principles of Economics II
Room Number: The Commons – CM 112
Number of Credits: 3
Required Activities outside of scheduled meeting times: Extra-Credit activities at Social
Science Computer Center
Text: Economics: Principles, Problems, and Policies, 17/e by Campbell R. McConnell and
Stanley L. Brue

       Please use the following website to use some supplemental material such as quizzes:
        In addition there are some quizzes available as premium content that students can access
        from the Social Science Center.

       Course Description:
        The aim of this Course is to introduce students to the basic Principles of
        Microeconomics. This Course focuses on market mechanism including Demand and
        Supply in a free market system, production under different market structures, as well as
        market failure and policy issues such as antitrust policies. In addition to concentrating on
        theoretical aspects, attention will be paid to the application of theory to real-world


*Students enrolled in the Honors Module will receive an additional section to this syllabus. Please
contact instructor.
       Goals
        The primary purpose of this course is to teach students to think like economists so that
        they can apply microeconomic concepts and methods to make better personal and
        business decisions, assess public policies, and better understand the world around them.

        Students who fulfill the following course objectives should be able to pursue intermediate
        undergraduate level microeconomic classes.

        By the end of this course, students should be able to:

       Apply basic economic concepts such as scarcity, opportunity cost, marginal analysis,
        etc. to everyday life situations.
       Use the model of Supply and Demand to explain how prices and quantities of goods,
        services, and resources are determined and change.
       Explain the concept of elasticity and why it matters to certain business pricing and public
        policy decisions.
       Explain why government price and quantity controls generally lead to economic
       Describe the situations where free unregulated markets fail to promote the best interests
        of society and the potential role of government to correct these market failures.
       Define basic business cost, production, and profit concepts.
       Describe the concept and types of market structures and the effect of market structure on
        business behavior and profits.
       Explain how economic principles can be used to help make basic business decisions
        (such as what price to charge, how much to sell, how many employees to hire, etc. to
        maximize profits.

Tentative Course Outline:

Chapters                Week 1
                                                      Limits, Alternatives, and choices
1&2                                                   The market System and Circular Flow
                                                      Graphs and their Meaning in Economics


*Students enrolled in the Honors Module will receive an additional section to this syllabus. Please
contact instructor.
Chapters                Weeks 2,3 and 4

3, 18                                                 Demand Supply and Market Equilibrium
                                                      Extension of Demand & Supply Analysis –
                                                       Price Elasticity of Demand and Supply
On Chapters 1, 2, 3,    February 16. 2011
& 18                    and Friday            TEST # 1
                        February 18, 2011

Chapter 4 & 5           Weeks 5 and 6.                The U.S. Economy: Private/Public sectors.
                                                      The U. S. in the Global Economy,

Chapter 19              Week 7                        Consumer Behavior

Chapter 20              Weeks 8 & 9                   The Cost of Production

EXAMINATION             March 9 & March                MID-TERM EXAMINATION
                        11, 2011
Chapter 21              Week 10                       Pure Competition

Chapter 22              Week 11                       Pure Monopoly

Chapter 23              Week 13                       Monopolistic Competition & Oligopoly
                                                      TAKE HOMETEST # 2
Chapter 28              Week 14                       Government and Market failure


Chapter 29              Week 15                   Public Choice theory and Economics of
EXAMINATION             Week 16: WEEK         Cumulative FINAL EXAMINATION
                        of May 16 – May
                        20, 2011

Course Requirement and Grading Policy:
TESTS: 2 TESTS - 15% each = 30% (Dates in the Syllabus)


Attendance & Participation = 10 %

*Students enrolled in the Honors Module will receive an additional section to this syllabus. Please
contact instructor.
Total Course =         100%
Extra-Credit =        10%

A = 90 - 100

B = 80 - 89

C = 70 - 79

D = 60 – 69

F = Less than 60%

An Incomplete grade is given at the discretion of the instructor only when the student could not
complete a very small portion of the course under extraordinary and unavoidable circumstances.
The student has to be in good standing and passing the Course at the time the grade of
“Incomplete” is requested.


Attendance: Students are expected to attend all classes. Attendance will be taken in Class

Academic Honesty: Cheating in exams is strictly prohibited and penalized and may result in a
zero point for that assignment.

Exam Policy: All assigned work has to be submitted on time. In case you are going to be
absent for urgent reasons, you can email me the homework before class time of the scheduled
homework submission day.

There are no makeup exams. So please note the dates for the exams in your calendar. If in case
you are unable to attend the exam due to unavoidable or emergency circumstances, please inform
me ASAP. I may be able to arrange for the exam at a different time in the testing center on THE

If a student is faced with an urgent and unforeseen situation and cannot make up for ONE
exam on the same day, then at the instructor’s discretion the student can receive a
comprehensive exam during the Final. If the student has contacted the instructor on the
exam day by phone or email and provided proper documentation within a week, he/she
may receive a comprehensive Final exam at the discretion of the instructor The exam will
include all chapters taught in the entire course and will consist of 80 points instead of 40

*Students enrolled in the Honors Module will receive an additional section to this syllabus. Please
contact instructor.
points. The comprehensive test is in the Testing center. Without same day notification and
appropriate documentation within a week, the student cannot have a comprehensive exam!

The Final Exam is cumulative and has to be taken in Class on the scheduled day and time.
NO EXCEPTION!!! Students will not get to keep a copy of the Exams. They will have the
opportunity to review the exam after it is graded. There will be 2 Quizzes..

Study Tips
Economics is very analytical. It requires regular hard work and reading and thinking skills. Your
final course grade is going to be directly proportional to the effort and time you put in. The
following study patterns should help you.

1. Do the weekly readings without procrastination.

2. The material in this course builds up gradually, and by that I mean the material on chapter 2
has to be mastered before chapter 3 and 3 has to be mastered before chapter 4. If you miss
working on the chapters for a couple of week, you might find too much work load and it may be
overwhelming and frustrating.

3. Do the quizzes on the internet at
There is material here based on each chapter that will help you understand the chapters better.
The quizzes will also help consolidate your understanding.

4. Always get the big picture and the basic ideas or points of each topic. Write down those
points and this should help you to prepare for the exams. Spend quite some time thinking about
those points. We will be using graphical analysis in some cases. Make sure that you understand
the graphs carefully. Some simple algebra will also be used.

5. About reading graphs: If you have not had economics classes before, you may find some
graphs intimidating. With a little bit of patience, work and thinking skill you can soon become
very comfortable with them. Graphs are a very important part of the tool-set that we have in this

course. So please devote sometime to them. When you look at a graph, look at the variables in
both axis and read the title of the graph. Very soon you will see that each graph tells a story.


*Students enrolled in the Honors Module will receive an additional section to this syllabus. Please
contact instructor.
6. In this course not only are you expected to gain knowledge (recall information) but also be
able to apply, analyze, synthesize and evaluate the knowledge much in the fashion that the
following pyramid structure depicts.

Student Code of Conduct

                The following statement appears in College offices and labs to remind
                students of the behavior standards and process adopted by the College.
        A.         The College seeks to provide an environment where discussion and expression
                of all views relevant to the subject matter of the class are recognized as necessary
                to the educational process.

        B.         However, students do not have the right to interfere with the freedom of the
                faculty to teach or the rights of other students to learn, nor do they have the right
                to interfere with the ability of staff to provide services to any student.

        C.        Faculty and staff set the standards of behavior that are within the guidelines
                and spirit of the Student Code of Conduct or other College policies for
                classrooms, events, offices, and areas, by announcing or posting these standards
                early in the semester.

        D.         If a student behaves disruptively in the classroom, an event, an office, or an
                area after the instructor or staff member has explained the unacceptability of such
                conduct and the consequences that will result; the student may be asked to leave
                that classroom, event, office, or area for the remainder of the day. This does not
                restrict the student’s right to attend other scheduled classes or appointments.


*Students enrolled in the Honors Module will receive an additional section to this syllabus. Please
contact instructor.
        E.        If the student does not leave, the faculty or staff member may request the
                assistance of Security.

        F.        The faculty or staff member and the student are expected to meet to resolve the
                issue before the next class session.

        G.        The Dean of Student Development or designated instructional Dean of Work
                Force Development and Continuing Education should be informed verbally or via
                email about any situation that violates the Student Code of Conduct.

        H.        If, after a review of the situation and a restatement of the expected behaviors,
                the student refuses to comply with the stated standards of conduct required, then
                the faculty or staff member should refer the issue in writing to the dean of student
                development for action under the Student Code of Conduct.

        I.        The faculty or staff member will provide the Dean of Student Development
                with a written summary of the facts or conduct on which the referral is based,
                which must include the date, time, place, and a description of the incident.

Other Important points

    1. Cellular Phones: During class time, all cell phones should be inside the student’s
       backpack and should not be on the desk. All cell phones should be shut off during the
       class period or put on VIBRATE. Students are not allowed to use cell phones as

    2. Email protocol: Email is your best method of communicating with me outside the class.
       Please use Montgomery college student email address when you send emails to me. That
       validates your email as a genuine email. Please use your full name and class to identify
       yourself in the email.

    3. Special Accommodation: Any student who may need an accommodation due to a
       disability, please make an appointment to see me during my office hour to plan your
       support A letter from Disability Support Services(R-CB122; G-SA175; or TP/SS-
       ST120) authorizing your accommodations will be needed. Any student who may need
       assistance in the event of an emergency evacuation must identify to the Disability
       Support Services

        Office; guidelines for emergency evacuations for individuals with disabilities are found


*Students enrolled in the Honors Module will receive an additional section to this syllabus. Please
contact instructor.
        The Counselors for students who need accommodations at Takoma Park/Silver Spring
        are Ed Muchene {240-567-1477) or Cathy Wilson (240-567-1475).

    4. First Year Experience: Please visit First Year Experience website at If this is your first year of
       college, it is important that you are off to a right start. Even if you are not a first year
       student, you can still gain valuable information from this site. For example, some of FYE
       courses can help all students

    5. Tobacco free campus: On August 1, 2008, Montgomery College implemented a Smoke
       and Tobacco Free Policy which prohibits smoking or the use of other tobacco products on
       any of its campuses or other property. Students who smoke or use tobacco products will
       be considered in violation of the student conduct code and their behavior will be reported
       to the Dean of Student Development’s office for the appropriate disciplinary action
       including probation, suspension, or dismissal.

    6. Green Issues: Please do responsible Printing at the College printers. For example,
       please try to do front and back printing whenever possible, multiple slides printed on one
       page etc.

Need help?
Do not hesitate to see me during my Office hours, call or email me.

This Professor is a firm believer in the dictum that: attending class regularlyand on time,
paying attention and taking good notes is a key to succeeding in this xlass. I’m looking
forward to a fun and productive class.


*Students enrolled in the Honors Module will receive an additional section to this syllabus. Please
contact instructor.

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